Price Target Changed • Jun 26
Price target increased by 13% to US$31.50 Up from US$28.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$31.90. Stock is up 42% over the past year. The company is forecast to post earnings per share of US$2.44 for next year compared to US$1.36 last year. Recent Insider Transactions Derivative • May 22
Founder notifies of intention to sell stock Scott Wylie intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of May. If the sale is conducted around the recent share price of US$28.50, it would amount to US$214k. For the year to December 2019, Scott's total compensation was 24% salary and 76% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Scott's direct individual holding has increased from 728.86k shares to 730.35k. Company insiders have collectively sold US$867k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 11
Founder notifies of intention to sell stock Scott Wylie intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of May. If the sale is conducted around the recent share price of US$28.80, it would amount to US$216k. For the year to December 2019, Scott's total compensation was 24% salary and 76% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Scott's direct individual holding has increased from 728.86k shares to 730.35k. Company insiders have collectively sold US$867k more than they bought, via options and on-market transactions in the last 12 months. Ankündigung • May 05
First Western Financial, Inc. (NasdaqGS:MYFW) announces an Equity Buyback for $5 million worth of its shares. First Western Financial, Inc. (NasdaqGS:MYFW) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The program will be valid for one year from the commencement on June 12, 2026. Major Estimate Revision • Apr 30
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$112.2m to US$115.8m. EPS estimate increased from US$2.03 to US$2.37 per share. Net income forecast to grow 60% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$26.50 to US$28.00. Share price rose 6.5% to US$27.74 over the past week. Ankündigung • Apr 27
First Western Financial, Inc., Annual General Meeting, Jun 03, 2026 First Western Financial, Inc., Annual General Meeting, Jun 03, 2026. Location: 1900 sixteenth street, suite 1200, colorado 80202, denver United States Reported Earnings • Apr 24
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.64 (up from US$0.43 in 1Q 2025). Revenue: US$28.3m (up 14% from 1Q 2025). Net income: US$6.21m (up 48% from 1Q 2025). Profit margin: 22% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 43%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Ankündigung • Apr 08
First Western Financial, Inc. to Report Q1, 2026 Results on Apr 23, 2026 First Western Financial, Inc. announced that they will report Q1, 2026 results After-Market on Apr 23, 2026 Reported Earnings • Mar 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$1.36 (up from US$0.88 in FY 2024). Revenue: US$96.9m (up 7.6% from FY 2024). Net income: US$13.2m (up 56% from FY 2024). Profit margin: 14% (up from 9.4% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.63% (up from 2.36% in FY 2024). Non-performing loans: 0.62% (up from 0.53% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 29
Independent Director recently sold US$111k worth of stock On the 27th of January, David Duncan sold around 4k shares on-market at roughly US$25.11 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$118k. Insiders have been net sellers, collectively disposing of US$559k more than they bought in the last 12 months. Price Target Changed • Jan 28
Price target increased by 7.7% to US$28.00 Up from US$26.00, the current price target is an average from 3 analysts. New target price is 14% above last closing price of US$24.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$1.44 for next year compared to US$0.88 last year. Ankündigung • Jan 08
First Western Financial, Inc. to Report Q4, 2025 Results on Jan 22, 2026 First Western Financial, Inc. announced that they will report Q4, 2025 results After-Market on Jan 22, 2026 Recent Insider Transactions • Nov 28
Founder recently sold US$118k worth of stock On the 25th of November, Scott Wylie sold around 5k shares on-market at roughly US$23.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$118k. Scott has been a net seller over the last 12 months, reducing personal holdings by US$448k. Ankündigung • Nov 11
First Western Financial, Inc. Appoints Alex Mcdougall as Arizona Regional President First Western Financial, Inc. announced the appointment of Alex McDougall as Regional President for its Arizona offices. With more than 18 years of experience in private banking, wealth management, and community banking, Alex brings a proven record of leadership, deep client expertise, and a strong commitment to community engagement. Alex joins First Western Trust following senior roles at JPMorgan, where he served as Managing Director, and First Republic Bank, where he was Regional Managing Director. At First Republic, he launched the Jackson Hole, WY, market—achieving the fastest growth in company history by both deposits and market share—and became the youngest Regional Managing Director in the bank's history. Throughout his career, Alex has received multiple industry accolades, including the President's Circle Award and Top Contributions to Banking Award. He also led the firm's top-performing market for client satisfaction, achieving the highest net promoter score (NPS), a reflection of his ability to deliver exceptional client experiences while driving sustained business growth. Alex's appointment highlights First Western Trust's strategic investment in Arizona at a time when many institutions are pulling back. The firm continues to support local businesses, entrepreneurs, and nonprofit organizations through community partnerships, philanthropy, and leadership. As part of its corporate giving philosophy, First Western Trust continues to invest in the vitality of the communities it serves—supporting entrepreneurship, education, the arts, and philanthropy across the West. Alex's leadership will be instrumental in advancing this mission throughout Arizona. Alex holds a Business Administration degree from the University of the Cumberlands and FINRA Series 7 and 66 licenses. He has served on nonprofit boards, including the Teton County Library Foundation and the Community Foundation of Jackson Hole. Relocating to Phoenix with his wife, Amanda, and daughter, he looks forward to volunteering and enjoying Arizona's outdoor recreation. Reported Earnings • Oct 24
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.33 (up from US$0.22 in 3Q 2024). Revenue: US$24.0m (up 9.1% from 3Q 2024). Net income: US$3.19m (up 49% from 3Q 2024). Profit margin: 13% (up from 9.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Ankündigung • Oct 06
First Western Financial, Inc. to Report Q3, 2025 Results on Oct 23, 2025 First Western Financial, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 23, 2025 Recent Insider Transactions • Sep 14
Founder recently sold US$118k worth of stock On the 11th of September, Scott Wylie sold around 5k shares on-market at roughly US$23.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by US$331k. Major Estimate Revision • Jul 31
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$104.3m to US$101.0m. EPS estimate also fell from US$1.66 per share to US$1.47 per share. Net income forecast to grow 48% next year vs 16% growth forecast for Banks industry in the US. Consensus price target up from US$24.67 to US$25.67. Share price fell 12% to US$21.65 over the past week. Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: US$0.26 (up from US$0.11 in 2Q 2024). Revenue: US$22.4m (up 9.8% from 2Q 2024). Net income: US$2.50m (up 133% from 2Q 2024). Profit margin: 11% (up from 5.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 09
First Western Financial, Inc. to Report Q2, 2025 Results on Jul 24, 2025 First Western Financial, Inc. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Ankündigung • Jun 30
First Western Financial, Inc.(NasdaqGS:MYFW) dropped from Russell 2000 Dynamic Index First Western Financial, Inc.(NasdaqGS:MYFW) dropped from Russell 2000 Dynamic Index Recent Insider Transactions • Jun 12
Founder recently sold US$105k worth of stock On the 9th of June, Scott Wylie sold around 5k shares on-market at roughly US$21.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$108k. Scott has been a net seller over the last 12 months, reducing personal holdings by US$387k. Recent Insider Transactions • May 14
Founder recently sold US$108k worth of stock On the 9th of May, Scott Wylie sold around 5k shares on-market at roughly US$21.53 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by US$282k. Major Estimate Revision • May 01
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$1.41 to US$1.66. Revenue forecast steady at US$103.5m. Net income forecast to grow 71% next year vs 13% growth forecast for Banks industry in the US. Consensus price target up from US$23.17 to US$24.33. Share price rose 12% to US$21.09 over the past week. Ankündigung • Apr 28
First Western Financial, Inc., Annual General Meeting, Jun 04, 2025 First Western Financial, Inc., Annual General Meeting, Jun 04, 2025. Location: 1900 sixteenth street, suite 1200, colorado 80202, denver, United States Reported Earnings • Apr 25
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.43 (up from US$0.26 in 1Q 2024). Revenue: US$24.7m (up 6.2% from 1Q 2024). Net income: US$4.19m (up 66% from 1Q 2024). Profit margin: 17% (up from 11% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 84%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 04
First Western Financial, Inc. to Report Q1, 2025 Results on Apr 24, 2025 First Western Financial, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 24, 2025 Reported Earnings • Mar 09
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: US$0.88 (up from US$0.55 in FY 2023). Revenue: US$90.1m (up 8.9% from FY 2023). Net income: US$8.47m (up 62% from FY 2023). Profit margin: 9.4% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.37% (down from 2.62% in FY 2023). Non-performing loans: 0.53% (down from 2.01% in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Ankündigung • Jan 08
First Western Financial, Inc. to Report Q4, 2024 Results on Jan 23, 2025 First Western Financial, Inc. announced that they will report Q4, 2024 results After-Market on Jan 23, 2025 Recent Insider Transactions • Nov 14
Independent Director recently sold US$88k worth of stock On the 7th of November, David Duncan sold around 4k shares on-market at roughly US$20.20 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$174k. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months. Recent Insider Transactions • Nov 03
Independent Director recently sold US$164k worth of stock On the 30th of October, David Duncan sold around 9k shares on-market at roughly US$19.03 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$174k. Insiders have been net sellers, collectively disposing of US$1.1m more than they bought in the last 12 months. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$95.7m to US$94.0m. EPS estimate also fell from US$0.977 per share to US$0.863 per share. Net income forecast to grow 426% next year vs 12% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$22.67. Share price was steady at US$19.01 over the past week. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$0.22 (down from US$0.33 in 3Q 2023). Revenue: US$22.0m (down 2.2% from 3Q 2023). Net income: US$2.13m (down 32% from 3Q 2023). Profit margin: 9.7% (down from 14% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Ankündigung • Oct 04
First Western Financial, Inc. to Report Q3, 2024 Results on Oct 24, 2024 First Western Financial, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 24, 2024 Recent Insider Transactions • Sep 11
Founder recently sold US$174k worth of stock On the 6th of September, Scott Wylie sold around 9k shares on-market at roughly US$18.77 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Scott has been a net seller over the last 12 months, reducing personal holdings by US$870k. Price Target Changed • Aug 28
Price target increased by 7.3% to US$22.17 Up from US$20.67, the current price target is an average from 3 analysts. New target price is 22% above last closing price of US$18.13. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$0.96 for next year compared to US$0.55 last year. Major Estimate Revision • Jul 30
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$97.4m to US$95.4m. EPS estimate also fell from US$1.24 per share to US$0.96 per share. Net income forecast to grow 258% next year vs 5.5% growth forecast for Banks industry in the US. Consensus price target up from US$20.67 to US$21.33. Share price fell 13% to US$17.34 over the past week. Reported Earnings • Jul 24
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.11 (down from US$0.16 in 2Q 2023). Revenue: US$20.4m (flat on 2Q 2023). Net income: US$1.08m (down 29% from 2Q 2023). Profit margin: 5.3% (down from 7.3% in 2Q 2023). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$19.75, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Banks industry in the US. Total loss to shareholders of 21% over the past three years. Ankündigung • Jul 06
First Western Financial, Inc. to Report Q2, 2024 Results on Jul 23, 2024 First Western Financial, Inc. announced that they will report Q2, 2024 results After-Market on Jul 23, 2024 Ankündigung • Jun 08
First Western Financial, Inc. Announces Board Changes First Western Financial, Inc. announced the appointment of Ellen S. Robinson to the Company’s Board of Directors, as well as the retirement of Eric D. Sipf from the Board of Directors. Scott C. Wylie, Chairman and CEO of First Western, said, “We are very pleased to welcome Ellen Robinson to Board of Directors. Ellen has been a prominent member of the Denver business community for many years and has been a successful executive in large corporate and smaller, entrepreneurial business environments. She is a seasoned business leader with a particular interest and expertise in leadership development and coaching on an individual and team level. Ellen further strengthens Board of Directors with her proven expertise in sales, marketing, building effective teams, coaching and mentoring talent. Ellen S. Robinson is Principal and Founder of the Robinson Coaching Group, Inc. since 2007. Robinson Coaching Group, Inc. provides leadership development and coaching on an individual and team level in both the private and public sectors. Ms. Robinson is a former Executive and General Manager of Denver Pepsi Cola. Ms. Robinson has served as Founder and CEO of EventConnex, President of Ascent Sports, Inc. and Brand Manager for Frito-Lay, Inc. She has significant experience in building effective teams, coaching and mentoring talent and driving change. Ms. Robinson received her Professional Coach Certification from New Ventures West in 2012. Ms. Robinson holds a Bachelor of Science in Finance and Marketing from The Wharton School, University of Pennsylvania. Reported Earnings • May 06
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$0.26 (down from US$0.40 in 1Q 2023). Revenue: US$23.3m (down 9.4% from 1Q 2023). Net income: US$2.52m (down 34% from 1Q 2023). Profit margin: 11% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 28
First Western Financial, Inc., Annual General Meeting, Jun 05, 2024 First Western Financial, Inc., Annual General Meeting, Jun 05, 2024, at 16:00 US Mountain Standard Time. Location: 1900 Sixteenth Street, Suite 1200 Denver, Colorado 80202 United States Agenda: To elect eleven directors to serve on the Company's Board of Directors until the Company's 2025 annual meeting of shareholders or each until their respective successor or successors are duly elected and qualified or until their earlier resignation or removal; to ratify the appointment of Crowe LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2024; to conduct an advisory, non-binding vote regarding the compensation paid to the Company's named executive officers; to conduct an advisory, non-binding vote regarding a resolution to approve the frequency of future advisory votes on the compensation of the Company's named executive officers and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$16.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Banks industry in the US. Total loss to shareholders of 36% over the past three years. Reported Earnings • Apr 20
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$0.26 (down from US$0.40 in 1Q 2023). Revenue: US$23.3m (down 9.4% from 1Q 2023). Net income: US$2.52m (down 34% from 1Q 2023). Profit margin: 11% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 06
First Western Financial, Inc. to Report Q1, 2024 Results on Apr 18, 2024 First Western Financial, Inc. announced that they will report Q1, 2024 results on Apr 18, 2024 Reported Earnings • Mar 17
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.55 (down from US$2.29 in FY 2022). Revenue: US$82.7m (down 23% from FY 2022). Net income: US$5.23m (down 76% from FY 2022). Profit margin: 6.3% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. COO & Director Julie Courkamp was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 05
Chairman recently sold US$696k worth of stock On the 1st of February, Scott Wylie sold around 42k shares on-market at roughly US$16.41 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Scott's only on-market trade for the last 12 months. Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$100.3m to US$97.7m. EPS estimate also fell from US$1.46 per share to US$1.23 per share. Net income forecast to shrink 15% next year vs 4.8% decline forecast for Banks industry in the US. Consensus price target up from US$20.67 to US$21.50. Share price was steady at US$17.94 over the past week. Price Target Changed • Jan 28
Price target increased by 8.2% to US$22.00 Up from US$20.33, the current price target is an average from 3 analysts. New target price is 22% above last closing price of US$18.00. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$1.19 for next year compared to US$2.29 last year. Ankündigung • Jan 26
First Western Financial, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023 First Western Financial, Inc. reported net charge-offs for the fourth quarter ended December 31, 2023. For the quarter, the company reported net charge-offs of $44,000 against $95,000 a year ago. Ankündigung • Jan 06
First Western Financial, Inc. to Report Q4, 2023 Results on Jan 25, 2024 First Western Financial, Inc. announced that they will report Q4, 2023 results After-Market on Jan 25, 2024 Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$13.18, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Banks industry in the US. Total loss to shareholders of 5.2% over the past three years. Price Target Changed • Oct 24
Price target decreased by 9.9% to US$21.33 Down from US$23.67, the current price target is an average from 3 analysts. New target price is 58% above last closing price of US$13.48. Stock is down 48% over the past year. The company is forecast to post earnings per share of US$1.19 for next year compared to US$2.29 last year. Reported Earnings • Oct 20
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$0.33 (down from US$0.66 in 3Q 2022). Revenue: US$22.5m (down 18% from 3Q 2022). Net income: US$3.12m (down 50% from 3Q 2022). Profit margin: 14% (down from 23% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Ankündigung • Oct 20
First Western Financial, Inc. Reports Net Charge-Offs for the Three Months Ended September 30, 2023 First Western Financial, Inc. reported net charge-offs for the three months ended September 30, 2023. For the three months, the company reported net charge-offs of $190,000 against $32,000 a year ago. Ankündigung • Oct 07
First Western Financial, Inc. to Report Q3, 2023 Results on Oct 19, 2023 First Western Financial, Inc. announced that they will report Q3, 2023 results After-Market on Oct 19, 2023 Recent Insider Transactions Derivative • Sep 04
CFO, COO exercised options to buy US$63k worth of stock. On the 31st of August, Julie Courkamp exercised options to buy 3k shares at a strike price of around US$20.00, costing a total of US$60k. This transaction amounted to 25% of their direct individual holding at the time of the trade. Since December 2022, Julie's direct individual holding has decreased from 14.26k shares to 9.31k. Company insiders have collectively sold US$313k more than they bought, via options and on-market transactions in the last 12 months. Ankündigung • Aug 30
First Western Financial, Inc. Promotes David Weber to Treasurer, Effective October 1, 2023 First Western Financial has reported the executive promotion effective October 1, 2023. David Weber, Director of Finance and Treasury, has been promoted to Treasurer of the Company and the Bank, reporting to Mrs. Courkamp. Mr. Weber joined First Western in March 2018 as Treasury Manager, was promoted to Finance and Treasury Manager in May 2019, and then Director of Finance and Treasury in August 2021. As Director of Finance and Treasury at First Western, Mr. Weber oversees the FP&A, Treasury, Corporate Development, Mortgage Secondary Marketing, and Compensation functions. Prior to joining First Western, Mr. Weber served in various Finance positions over nine years at Fifth Third Bank including Vice President, Senior Capital Planning Manager, where he led the execution of the Company's semiannual stress tests. Mr. Weber has a Master of Science degree in Accountancy from the Gies College of Business at the University of Illinois and a Bachelor of Science degree in Business from the Farmer School of Business at Miami University. New Risk • Aug 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$52k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Aug 09
Insider recently sold US$52k worth of stock On the 4th of August, Matthew Cassell sold around 2k shares on-market at roughly US$21.05 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.0m more than they bought in the last 12 months. Major Estimate Revision • Aug 03
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$105.6m to US$102.0m. EPS estimate also fell from US$1.82 per share to US$1.52 per share. Net income forecast to grow 1.6% next year vs 11% decline forecast for Banks industry in the US. Consensus price target up from US$22.00 to US$23.67. Share price fell 7.4% to US$20.25 over the past week. Price Target Changed • Jul 31
Price target increased by 7.8% to US$23.00 Up from US$21.33, the current price target is an average from 3 analysts. New target price is 11% above last closing price of US$20.74. Stock is down 24% over the past year. The company is forecast to post earnings per share of US$1.47 for next year compared to US$2.29 last year. Reported Earnings • Jul 28
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: US$0.16 (down from US$0.47 in 2Q 2022). Revenue: US$20.6m (down 23% from 2Q 2022). Net income: US$1.51m (down 66% from 2Q 2022). Profit margin: 7.3% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Ankündigung • Jul 08
First Western Financial, Inc. to Report Q2, 2023 Results on Jul 27, 2023 First Western Financial, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$19.68, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$14.29, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 14% over the past three years. Major Estimate Revision • May 03
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$115.1m to US$106.5m. EPS estimate also fell from US$2.18 per share to US$1.89 per share. Net income forecast to shrink 15% next year vs 5.1% decline forecast for Banks industry in the US. Consensus price target down from US$25.83 to US$21.67. Share price fell 12% to US$14.98 over the past week. Price Target Changed • Mar 31
Price target decreased by 14% to US$27.50 Down from US$32.00, the current price target is an average from 3 analysts. New target price is 41% above last closing price of US$19.50. Stock is down 38% over the past year. The company is forecast to post earnings per share of US$2.12 for next year compared to US$2.29 last year. Reported Earnings • Mar 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$2.29. Revenue: US$108.0m (up 13% from FY 2021). Net income: US$21.7m (up 5.3% from FY 2021). Profit margin: 20% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.35% (up from 2.99% in FY 2021). Non-performing loans: 0.50% (up from 0.22% in FY 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$19.52, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years. Recent Insider Transactions Derivative • Feb 12
Independent Director exercised options to buy US$78k worth of stock. On the 7th of February, Mark Smith exercised options to buy 3k shares at a strike price of around US$20.00, costing a total of US$58k. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. Since June 2022, Mark has owned 41.44k shares directly. Company insiders have collectively sold US$1.5m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Feb 05
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$126.0m to US$115.8m. EPS estimate also fell from US$2.74 per share to US$2.20 per share. Net income forecast to grow 19% next year vs 8.4% growth forecast for Banks industry in the US. Consensus price target down from US$32.00 to US$29.83. Share price rose 2.9% to US$27.28 over the past week. Price Target Changed • Feb 01
Price target decreased by 8.6% to US$30.17 Down from US$33.00, the current price target is an average from 3 analysts. New target price is 12% above last closing price of US$27.00. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$2.32 for next year compared to US$2.58 last year. Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$126.0m to US$116.1m. EPS estimate also fell from US$2.74 per share to US$2.20 per share. Net income forecast to grow 19% next year vs 9.9% growth forecast for Banks industry in the US. Consensus price target of US$31.50 unchanged from last update. Share price fell 2.6% to US$26.50 over the past week. Ankündigung • Jan 07
First Western Financial, Inc. to Report Q4, 2022 Results on Jan 26, 2023 First Western Financial, Inc. announced that they will report Q4, 2022 results After-Market on Jan 26, 2023 Recent Insider Transactions • Dec 18
Independent Director recently sold US$95k worth of stock On the 14th of December, David Duncan sold around 3k shares on-market at roughly US$29.35 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months. Recent Insider Transactions • Oct 30
Chairman recently sold US$78k worth of stock On the 26th of October, Scott Wylie sold around 3k shares on-market at roughly US$26.97 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$211k. Scott has been a net seller over the last 12 months, reducing personal holdings by US$770k. Price Target Changed • Oct 25
Price target decreased to US$33.33 Down from US$38.00, the current price target is an average from 3 analysts. New target price is 25% above last closing price of US$26.75. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of US$2.34 for next year compared to US$2.58 last year. Reported Earnings • Oct 22
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: US$0.66 (down from US$0.80 in 3Q 2021). Revenue: US$27.5m (up 10% from 3Q 2021). Net income: US$6.22m (down 3.1% from 3Q 2021). Profit margin: 23% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Recent Insider Transactions • Sep 11
Chairman recently sold US$87k worth of stock On the 9th of September, Scott Wylie sold around 3k shares on-market at roughly US$26.51 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$211k. Scott has been a net seller over the last 12 months, reducing personal holdings by US$599k. Recent Insider Transactions • Aug 14
Chairman recently sold US$211k worth of stock On the 10th of August, Scott Wylie sold around 8k shares on-market at roughly US$28.09 per share. In the last 3 months, there was an even bigger sale from another insider worth US$447k. Scott has been a seller over the last 12 months, reducing personal holdings by US$867k. Major Estimate Revision • Aug 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$2.73 to US$2.38 per share. Revenue forecast steady at US$114.6m. Net income forecast to grow 50% next year vs 9.8% growth forecast for Banks industry in the US. Consensus price target down from US$41.33 to US$38.00. Share price fell 2.4% to US$27.50 over the past week. Price Target Changed • Aug 02
Price target decreased to US$38.00 Down from US$41.33, the current price target is an average from 3 analysts. New target price is 40% above last closing price of US$27.22. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of US$2.43 for next year compared to US$2.58 last year. Reported Earnings • Jul 29
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: US$0.47 (down from US$0.79 in 2Q 2021). Revenue: US$26.6m (up 12% from 2Q 2021). Net income: US$4.48m (down 29% from 2Q 2021). Profit margin: 17% (down from 27% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 22%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year. Recent Insider Transactions • May 28
Independent Director recently sold US$115k worth of stock On the 25th of May, David Duncan sold around 4k shares on-market at roughly US$30.76 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$572k more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: US$0.59 (down from US$0.76 in 1Q 2021). Revenue: US$26.7m (up 13% from 1Q 2021). Net income: US$5.52m (down 7.9% from 1Q 2021). Profit margin: 21% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 24%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: US$2.58 (down from US$3.11 in FY 2020). Revenue: US$95.4m (up 3.7% from FY 2020). Net income: US$20.6m (down 16% from FY 2020). Profit margin: 22% (down from 27% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 24%, compared to a 6.2% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. 